Evaluator Moderate Correlations

EVMLX Fund

USD 11.16 0.01 0.09%

The current 90-days correlation between Evaluator Moderate Rms and Amg River Road is 0.2 (i.e., Modest diversification). The correlation of Evaluator Moderate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Evaluator Moderate Correlation With Market

Very poor diversification

The correlation between Evaluator Moderate Rms and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Moderate Rms and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Moderate Rms. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Evaluator Mutual Fund

0.98	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.94	EVFTX	Evaluator Tactically	Pair Corr
0.93	EVFMX	Evaluator Moderate Rms	Pair Corr
0.98	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.99	EVGRX	Evaluator Growth Rms	Pair Corr
0.98	EVGLX	Evaluator Growth Rms	Pair Corr
0.88	EVTTX	Evaluator Tactically	Pair Corr
0.91	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.97	ABALX	American Balanced	Pair Corr
0.9	BALCX	American Balanced	Pair Corr
0.97	BALFX	American Balanced	Pair Corr
0.97	RLBCX	American Balanced	Pair Corr
0.96	RLBBX	American Balanced	Pair Corr
0.97	CLBAX	American Balanced	Pair Corr
0.97	CLBEX	American Balanced	Pair Corr
0.91	RLBFX	American Balanced	Pair Corr
0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.73	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.92	FCNKX	Fidelity Trafund Class	Pair Corr
0.7	JRBFX	Regional Bank	Pair Corr
0.86	KNGYX	Cboe Vest Sp	Pair Corr
0.89	FFTMX	Fidelity Asset Manager	Pair Corr
0.92	THLCX	Thrivent Large Cap	Pair Corr
0.85	ATHDX	Heritage Fund R6	Pair Corr
0.85	PSGLX	Strategic Asset Mana	Pair Corr

Moving against Evaluator Mutual Fund

0.6

FMFFX

Fs Managed Futures

Pair Corr

Related Correlations Analysis

	ARSMX	BPSCX	QRSVX	QRSAX	CVVRX	MGPIX	VISVX
ARSMX		0.95	0.96	0.99	0.94	0.95	0.95	ARSMX
BPSCX	0.95		0.98	0.93	0.86	0.91	0.98	BPSCX
QRSVX	0.96	0.98		0.96	0.87	0.93	0.99	QRSVX
QRSAX	0.99	0.93	0.96		0.94	0.96	0.94	QRSAX
CVVRX	0.94	0.86	0.87	0.94		0.92	0.87	CVVRX
MGPIX	0.95	0.91	0.93	0.96	0.92		0.94	MGPIX
VISVX	0.95	0.98	0.99	0.94	0.87	0.94		VISVX
	ARSMX	BPSCX	QRSVX	QRSAX	CVVRX	MGPIX	VISVX

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Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Moderate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Evaluator Moderate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ARSMX	0.72	0.15	0.07	0.86	0.47	(0.96)	1.77	(0.92)	5.55
BPSCX	0.84	(0.02)	0.03	0.10	0.75	(1.05)	1.77	(1.26)	7.51
QRSVX	0.78	(0.01)	0.02	0.11	0.68	(0.89)	1.89	(1.28)	6.35
QRSAX	0.77	0.13	0.03	1.52	0.69	(0.89)	1.87	(1.28)	6.37
CVVRX	0.85	0.10	0.01	0.47	0.77	(1.03)	2.04	(1.42)	6.23
MGPIX	0.73	0.09	0.00	0.57	0.79	(0.75)	1.65	(1.18)	5.11
VISVX	0.73	0.00	0.03	0.12	0.64	(0.81)	1.65	(1.35)	5.74

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